Dubai Aerospace grows fleet tally to 54 aircraft

Dubai / Emirates Business

Dubai Aerospace Enterprise (DAE) Ltd announced that it continues to make strong progress in building its managed aircraft portfolio. In 2018, DAE concluded transactions adding 19 aircraft to the portfolio valued at over $500 million, taking DAE’s total managed fleet to 54 aircraft.
DAE is growing its managed portfolio both through sales of assets targeted for divestment and by working with investors to identify portfolios specifically suited to their needs and available in the market.
DAE’s aircraft investor services (AIS) service offering provides investors access to the full expertise across the DAE platform including substantial in-house capabilities related to asset re-marketing, asset valuation, asset disposition strategy, maintenance condition forecasting and valuing, asset surveillance, and credit analysis.
Firoz Tarapore, CEO of DAE said: “DAE has listened to the investor community to discern what investors truly need in an aircraft manager. Investors tell us they want a capable and time-tested platform that is continuously active in the marketplace with strong service standards and direct access to skillsets within the platform so they can make better, more timely decisions regarding their aircraft assets.”